1. Poland Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
Atrem S.A.

Atrem S.A.

55.10
PLN
+0.30
(+0.55%)
4.12EPS
14.33P/E
544.57MMarket Cap
Nov 19Next Earn
Atrem S.A.
GPW:ATR
(Warsaw Stock Exchange)

Recent

price

55.10

P/E

ratio

14.33

div

yld

1.03%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
22.06
16.88
14.01
11.59
13.06
15.65
12.53
8.44
14.39
12.53
9.36
10.89
12
15.43
20.31
33.79
38.37
Revenue per Share
1.63
0.51
-1.31
0.2
0.11
0.15
-0.7
-0.78
-0.49
-0.86
0.25
0.67
0.27
0.65
1.69
4.08
4.12
Basic EPS, GAAP
0.58
-1.71
1.71
- -
1.07
-1.07
-0.17
-0.87
0.42
-1.39
0.24
0.95
0.39
1.66
3.36
2.15
1.11
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.16
0.08
0.05
- -
- -
- -
- -
- -
0.66
0.11
0.49
1.69
0.57
Dividend per Share
7.5
7.76
6.45
6.63
6.54
6.61
5.86
4.56
4.08
3.21
3.47
4.2
3.81
4.35
5.55
7.93
6.98
Book Value per Share
6.95
7.41
6.12
6.34
6.26
6.27
5.54
4.24
3.95
3.13
3.43
4.2
3.78
4.35
5.52
7.9
6.82
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
201
155
129
107
121
144
116
78
133
116
86
101
111
142
187
312
355
Sales/Revenue/Turnover
9.73
4.57
-10.3
2.46
1.62
1.48
-2.49
-7.2
-1.28
-6.44
-2.13
6.56
4.19
5.67
9.89
14.43
12.97
Operating Margin (%)
2
3
3
3
3
3
2
2
2
2
2
2
2
2
2
3
3
Depreciation Expense
15
5
-12
2
1
1
-6
-7
-4
-8
2
6
3
6
16
38
38
Net Income, GAAP
20.27
20.81
- -
30.44
38.94
31.67
- -
- -
- -
- -
- -
- -
21.43
22.34
23.15
19.74
20.36
Effective Tax Rate (%)
7.38
3.02
-9.34
1.74
0.86
0.94
-5.55
-9.25
-3.37
-6.87
2.68
6.14
2.28
4.18
8.33
12.06
10.73
Profit Margin (%)
37
38
23
26
28
29
22
10
10
3
5
13
11
17
15
30
20
Working Capital
7
4
2
- -
- -
- -
- -
- -
- -
2
1
3
3
4
3
2
2
LT Debt
71
72
60
61
60
61
54
42
38
30
32
39
35
40
51
73
64
Total Equity
19.18
6.42
- -
2.92
1.95
2.4
- -
- -
- -
- -
- -
- -
7.23
11.81
20.12
37.73
44.41
Return on Invested Capital (%)
17.81
5.4
- -
2.98
1.83
2.4
- -
- -
- -
- -
- -
- -
6.76
13.29
26.78
50.04
53.38
Return on Capital (%)
24.28
6.66
-18.41
3.08
1.71
2.23
-11.15
-14.97
-11.24
-23.62
7.51
17.47
6.85
15.82
34.19
60.46
68.67
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8
3
15
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
550
450
545

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
195
147
165
Cash, Cash Equivalents & STI
9
24
6
Accounts Receivable, Net
131
49
85
Inventories
2
2
4
Total Current Liabilities
165
109
145
Payables & Accruals
- -
- -
- -
ST Debt
8
3
15
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.92%
19.32%
42.99%
Free Cash Flow
25.47%
125.18%
-35.96%
Net Income, GAAP
-10.58%
109.22%
140.94%
Sales/Revenue/Turnover
13.29%
30.62%
66.43%
Total Cash Common Dividend
- -
- -
244.88%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32
41
49
65
187
2025
43
60
90
120
312
2026
62
83
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.3
0.75
0.45
1.69
2025
0.53
0.63
1.11
1.8
4.08
2026
0.69
0.52
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.49
2025
- -
- -
- -
0.57
1.69
2026
- -
- -
- -
- -
- -
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Business
Atrem S.A. is a Poland-based engineering company specializing in providing comprehensive services for large-scale infrastructure and construction projects, primarily within the energy sector. Founded in 1999 and headquartered in Bydgoszcz, Poland, the company operates across several key business segments including industrial automation, electrical power engineering, telecommunications, and renewable energy solutions. Its core offerings include designing and implementing process automation systems chiefly for the oil and gas industry; manufacturing proprietary cathodic protection systems such as digital rectifiers and monitoring software; and constructing power stations, transformer stations, overhead and cable lines, fiber optic networks, and building automation systems. Atrem also integrates security systems, video surveillance, telecommunications, fire protection, and measurement systems with a full project lifecycle management from design to operation and maintenance. The company’s recent strategic developments reflect a strong focus on expanding operations aligned with Poland’s large-scale energy infrastructure modernization plans. Atrem holds contracts with major Polish energy enterprises including PGE, Tauron, Enea, Energa, and E.ON, contributing to modernization efforts projected to involve investments surpassing 130 billion PLN up to 2030. Notably, Atrem participated in contracts for modernizing power infrastructure such as the 110/15 kV Wronki power station supporting renewable energy integration and constructing smart grid facilities in western Poland. It also secured recent agreements in consortium with Orlen S.A. and expanded its portfolio to include advanced projects for Poczta Polska and key clients in the gas sector like PGNiG and GAZ-SYSTEM. The company maintains a robust order backlog estimated at over 540 million PLN, reflecting strong demand for its comprehensive technological and engineering services. Atrem operates as a subsidiary of Grupa Kapitalowa IMMOBILE S.A. and serves primarily the Polish market with an emphasis on utility infrastructure, industrial automation, and energy-related projects. The company’s diversified product and service portfolio covers automation and control systems, SCADA, telemetry, building and fire safety automation, electrical installations in industrial and commercial facilities, as well as renewable energy plants such as wind, photovoltaic, biogas, and cogeneration systems. Its integrated approach spans from conceptual design to installation, commissioning, and ongoing maintenance, enabling it to deliver turnkey solutions tailored for complex infrastructure and construction projects. Overall, Atrem S.A. positions itself as a leading engineering firm in Poland’s utility and energy sectors, leveraging its specialized technological capabilities and strategic partnerships to support major national infrastructure modernization and renewable energy initiatives. Its ongoing operational expansion and long-term contracts reflect a forward-looking strategy focused on innovation in industrial automation and power engineering within the evolving energy landscape.